You can also vote on proposals and other things that are to happen to that property you invested in.

A proposed change to the Illinois Constitution would effectively transfer power over taxpayer money to government worker unions.

This evaluation will show that the return on your proposal is horrendous.Some items about owning residential RE: 1) even with a PM, it is not passive. 

Since I already have a written proposal that I’ve recently sent out to a few people in my network, I will include it below in favor of rewriting the same information twice.

That's a pretty attractive proposal compared to:"I want to buy your house.

Duplexes are very common - live in one side and rent out the other - but many people start with quads, so what you're proposing isn't out of the ordinary.Second, there's househacking, and then there's househacking.

Charity is what you are proposing here.

.§7501,etseq.) property inspection isa non-invasive,visualexamination ofsome combination ofthe mechanical,electrical or plumbing systems or the structural and essential components of a residential dwelling designed to identifymaterialdefectsinthosesystemsandcomponents,and performedforafeeinconnectionwithor preparation for a proposed or possible residential real estate transfer.The term also includes any consultation regarding the property that isrepresented to be an inspection or that isdescribed by any confusinglysimilarterm.Buyerreservestherighttoconductinspectionsand professionalevaluationswithin30 daysofthesigned Agreementforany ofthefollowing:general propertyinspection,wood-destroying insects,underground tanksand wells,septicsystems,toxicchemicals,and environmental hazardsincluding but not limited to asbestos, mold,fungi,radon or lead-based paint, property boundaries,or deed and use restrictions.Buyer reservesthe rightto VOID thisAgreement based upon the resultsofany inspections, a) WATERANDSEWAGECLAUSE:IfPropertyhasnon-municipalwaterandsewagesystems(e.g.wellorseptic).

Typically when I write letters for these types of properties I usually include some wording like "based on the proposed DSCR of the subject property @ ______" and "this approval is contingent upon a review of x, y,  and z on the subject property".  

They also proposed a $100 per year per property registration fee and that landlords have to certify that their property meets city codes.